Investing.com - Nike (NYSE:NKE) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.7 on revenue of $10.33B. Analysts polled by Investing.com expected EPS of $0.58 on revenue of $10.08B. That compared to EPS of $0.52 on revenue of $9.37B in the same period a year earlier. The company had reported EPS of $0.86 on revenue of $10.66B in the previous quarter.
Nike shares lost 0.49% to trade at $100.66 in after-hours trade following the report.
For the year, Nike shares are up 36.44%, outperforming the Dow 30 which is up 23.06% year to date.
Nike follows other major Consumer Cyclical sector earnings this month
On Tuesday, December 10, 2019, AutoZone reported first quarter EPS of $14.3 on revenue of $2.79B, compared to forecasts of EPS of $13.74 on revenue of $2.76B.
PVH earnings beat analyst's expectations on Monday, November 25, 2019, with third quarter EPS of $3.1 on revenue of $2.59B. Investing.com analysts expected EPS of $2.99 on revenue of $2.54B
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